Avaloq Partners With World's Largest Asset Manager: Swiss banking software maker Avaloq is partnering with Blackrock. Together, the companies aim to make their services available to smaller private banks and asset managers, as… Avaloq Blackrock
Avaloq and Blackrock are entering into a strategic partnership, according to a joint announcement Wednesday. Furthermore, Blackrock has acquired a minority stake in Avaloq. Details of the Deal were not disclosed.
«This partnership will help us empower our clients to streamline processes, enhance risk analytics, and make more informed portfolio decisions, ultimately delivering greater value to their clients,» Avaloq's Co-CEO Martin Greweldinger, said. With the Avaloq partnership, Blackrock will gain access to the core banking IT system which is widely used in Europe and Asia.